Following the rise in house prices in the South East over the last few years many people’s estates will now become subject to the inheritance tax regime upon death – whether they realise it or not. Here at Warners, we have the expertise to advise you on how best to structure and deal with your assets, both during your lifetime and after death (via your Will) to make the most of current tax saving possibilities.
Tax planning can also be undertaken through documents known as ‘deeds of variation’. If it is less than two years since the death of someone whose estate you have benefited from (either via their Will or via the rules of intestacy if there was no Will) you may be able to vary your entitlement so as to deal with the estate of the deceased person if a more tax efficient manner.
In addition to inheritance tax planning, we are also able to advise on other related taxes, such as capital gains tax and pre-owned assets tax. Not only do Warners have the expertise to guide individuals through the complexities of these various taxation regimes, but we are also equipped to advise those individuals who have business interests amongst their assets.
Warners also offer in house accounting services, covering the preparation of trust and estate accounts, the calculation of tax liabilities and the preparation and submission of tax returns for individuals, trusts and estates.
- Social Media Seminar Are you concerned about the problems that may arise from using Social Media in your business? Does your company have a Social Media Policy and do you need one? Our speakers Karen Cole, Associate Solicitor at Warners Solicitors and Zoe Cairns, a Social Media Consultant at ZC Social Media will answer these questions and look at ways to help you avoid the pitfalls you may encounter when using social media in your business.
- Repair Obligations Do Not Create IHT Charge Yet another attempt by HM Revenue and Customs (HMRC) to persuade the court that a gift of a property from parent to child should be a 'gift with reservation of benefit' has failed. Where any asset is gifted from a person...
- Commencement of Work Not a Disposal of Property When the seller of a property allowed the purchaser to start the groundworks for developing it prior to the exchange of contracts for sale, she would not have expected HM Revenue and Customs (HMRC) to assert that...